On Oct. 26, 2018, China GAC and Japan Customs bureau officially signed “Agreement on Mutual Recognition between Chinese Enterprise Credibility Management System and Japanese Authorized Economic Operator System”. According to this agreement, AEO enterprises in China and Japan can enjoy the following 4 trade facilitation measures:

Lower rate of being inspected; in China the inspection rate for AEO enterprises is 0.5%.

Cargo inspection will be finished as soon as possible.

A customs official will be specially assigned to AEO enterprise to deal with problems occurring during customs clearance.

AEO enterprises from the country/region that China has signed mutual recognition agreement with will be subject to priority customs clearance.

AEO, which is short for Authorized Economic Operator, is a kind of authorization to enterprises which have a demonstrated history of safety, compliance, quality during trade. AEO certified enterprises are eligible for preferential customs clearance measures.

Up to now, China has signed AEO mutual recognition agreements with 36 countries/regions, including Singapore, Korea, Hong Kong, Europe Union, Australia, New Zealand and Japan. China aims to further promote AEO mutual recognition with its "one belt and one road" project and is now negotiating agreements with Thailand, Russia, Canada, Mexico and etc.

ABOUT THE AUTHOR

Yilia Ye

ChemLinked Editor

COPYRIGHT: You may circulate web links to the web and contents, but they are intended for your personal, non-commercial use only. For other use of any materials, you can contact with cleditor@reach24h.com to seek consent. Find out more about our copyright policy here.

CORRECTIONS: we do our best to provide you with accurate information. However sometimes errors slip under the radar. If you notice any errors contact us on: cleditor@reach24h.com

ChemLinked is developed by REACH24H Consulting Group to provide Chemical, Food, Cosmetic and Agrochemical regulatory information in Asia Pacific region especially China to meet the growing demand for clear and concise regulatory advice and market intelligence.